100% mortgage

The term 100% mortgage is often used with the term No Money down, 0% down, or zero down mortgage. This implies that the buyer doesn’t need to bring money to the table to close the loan. For this to be possible the purchase agreement would have the seller pay the buyers closing costs within the purchase agreement and the lender would allow the buyer to role the closing costs into the loan. In recent years after 2008 this type of...